38. Notification of Award (amended as per G.N. No.71 of 2008) and (amended as per G.N. No.8 of 2009) and (amended as per G.N. No. 86 of 2009)

(1) Following the identification of the successful bidder in accordance with section 40 of the Act, a public body shall –

(a) notify the bidder of the proposed award of the contract within 5 days from the date of receipt of approval from the Central Procurement Board;

(b) promptly publish notice of every procurement award as provided under regulations 71.

(2) Notwithstanding paragraph (1)(a) where a public body considers that it requires more than 5 days, it shall promptly notify the Board and the Policy Office giving reasons for an extension of the delay.

(3) For the purposes of section 40(3) of the Act, the prescribed threshold shall be 15 million rupees.